News · Commerce & Consumer Brands

Swiggy transfers Instamart to separate subsidiary

By Startup Enthusiast · 19 September 2025

What they do

Swiggy operates food delivery and quick commerce grocery delivery services across India

Its board approved a slump sale of Instamart to a new wholly owned subsidiary, Swiggy Instamart Private Limited

The move mirrors Zomato's Blinkit separation and comes as Instamart's revenue reached Rs 2,130 crore in FY25

Swiggy's board approved a slump sale (transfer of a business as a going concern) of its Instamart quick commerce business to a new wholly owned subsidiary called Swiggy Instamart Private Limited.
The sale includes all assets, liabilities, permits, intellectual property, employees, and contracts of Instamart.
The transaction is expected to close after Q3 FY26, subject to shareholder approval.
Swiggy will receive a lump-sum cash consideration based on the book value of Instamart's assets and liabilities as of the effective date.
Instamart's revenue in FY25 was Rs 2,129.6 crore, which is 24.2% of Swiggy's standalone revenue.
Instamart had a negative net worth of Rs 297.7 crore as of 31 March 2025.
Swiggy had already launched a separate Instamart app in January 2025 and dropped 'Swiggy' from its name in May 2025 for a standalone brand identity.

The restructuring allows Swiggy to report Instamart's financials separately, similar to how Zomato reports Blinkit quarterly.
Blinkit contributed about 32% of Zomato's consolidated revenue in Q1 FY26.
Instamart's gross order value grew 108% year-on-year in Q1 FY26, and its user base is expected to soon exceed Swiggy's food delivery business.
Swiggy already has a wholly owned subsidiary Scootsy for supply chain services, and received approval for Swiggy Sports in January 2025.

Swiggy is an Indian food delivery and quick commerce platform headquartered in Bengaluru.
It connects customers with restaurants and grocery stores through its app and website.
The company earns revenue through commissions from restaurants, delivery fees, and advertising.
Swiggy operates in hundreds of cities across India.
Instamart is its quick commerce arm, delivering groceries and essentials in 10-30 minutes.
Swiggy also has a wholly owned subsidiary Scootsy for supply chain and distribution services.

The slump sale is expected to close after Q3 FY26, subject to shareholder approval.
Swiggy will receive lump-sum cash consideration based on book value of Instamart's assets and liabilities.